Meme Coin PENGUIN Market Cap Surges Above $80 Million in a Short Period, Reaching an All-Time High

BlockBeats News, January 24, according to GMGN monitoring, the market cap of the Solana-based Meme coin PENGUIN briefly exceeded 80 million US dollars, currently reported at 78 million US dollars, with a current price of approximately $0.078, and a 24-hour increase of 550%.

This round of increase may be due to a tweet from the official White House X account stating "Embrace the Penguin." Subsequently, Solana co-founder Toly retweeted the tweet and engaged with it, causing a rapid surge in sentiment around the Solana-based Meme coin of the same name. Later today at 11:00 am, a16z co-founder Marc Andreessen tweeted to join the interaction. At 6:00 pm today, Binance Alpha listed PENGUIN, further boosting PENGUIN's price.

BlockBeats reminds users that Meme coins are highly volatile, relying heavily on market sentiment and hype, with no actual value or use case. Investors should be aware of the risks.